DLF’s parent company is all set to sell its 40% stake in the company’s rental business -- DLF Cyber City Developers -- to institutional investors. The promoters will continue to hold its 60% stake in the rental business.
Securities and Exchange Board of India (SEBI), had imposed a ban on DLF last year for allegedly misleading investors by with-holding information about some of its units and the criminal cases pending against them in its IPO prospectus.
DLF is one of India’s largest real estate companies that has over 60 years of track record of sustained growth, customer satisfaction, and innovation.
